Corporate Institutions

Merchants in Tier 5 and Tier 6 cities

In such cases difference between the cost of the device and subsidiary obtained from the NABARD is absorbed by the bank.

Incentive from Government of India

To promote the digital payment, Government of India has incentivised 0.25% of the transaction value to the merchant and 0.25% to the Acquirer Bank. The scheme has been announced on 14th April 2017 and is valid for six months duration.

Present Status

Presently 500 Merchants are live on BHIM Aadhaar Baroda Pay.

Future Plan

Ministry of Finance has allocated our Bank a sub-target of on boarding 56839 merchants to accept Digital Payment through BHIM Aadhaar Baroda Pay and is required to be achieved by 30th June 2017.